Ho Chi Minh City Accelerates Venture Capital Attraction for Innovation

Ho Chi Minh City is intensifying its drive to attract venture capital for innovation and creative endeavors, marking a pioneering step in implementing public-private partnerships for innovation investment.

This initiative aligns with the government's Decree 264 and reflects the city's strategic focus on developing a capital market geared towards innovation. The city prioritizes fostering this market to transform its innovative potential into large-scale, globally competitive enterprises.

According to Tran Trong Tuyen, Deputy Director of the Ho Chi Minh City Department of Science and Technology, the city is entering a new development phase. This involves implementing strategic economic development plans based on science, technology, innovation, and digital transformation, while leveraging the private sector.

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The capital source remains the key factor.

"The capital source remains the key factor," Tuyen stated at the Venture Forum 2026. He emphasized the need to encourage venture capital, growth investment, and mergers and acquisitions (M&A), particularly in strategic sectors like digital technology, artificial intelligence, and semiconductors.

Le Han Tue Lam, CEO of VinVentures (Vingroup), noted that Vietnam's M&A market is at an inflection point with positive financial signals. Notably, 2026 is the first year the market anticipates a convergence of three major supply sources: state-owned enterprise divestments (estimated over $2 billion), private equity fund divestments (around $3.5 billion), and the M&A cycle itself.

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The capital source remains the key factor.